Juan Corona Acquires Multifamily Property From Ella Sommars Trust For $1,460,000 In Downey

The property involved in this transaction is a multifamily asset located at 7049 Dinwiddie Street in Downey. The sale price of the property was $1,460,000, which corresponds to a price per unit of $486,666. The asset encompasses a total of 3 units, with a square footage of 3,664, leading to a price per square foot of $398.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,460,000
• Units: 3
• Price Per Unit: $486,666
• Square Footage: 3,664
• Price Per Square Foot: $398
• Buyer: Juan Corona
• Seller: Ella Sommars Trust
• Broker: Matthew William Guerra - Principle Quality Investments

This transaction marks the second sale facilitated by the broker for the Ella Sommars Trust, following a successful closure of a prior transaction involving 10 units. The seller retained the listing broker, Matthew William Guerra, to oversee the sale of this property.